Procyon Advisors LLC Raises Position in Hyatt Hotels Co. (NYSE:H)

Procyon Advisors LLC lifted its stake in shares of Hyatt Hotels Co. (NYSE:H) by 5.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,293 shares of the company’s stock after acquiring an additional 168 shares during the quarter. Procyon Advisors LLC’s holdings in Hyatt Hotels were worth $517,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Hyatt Hotels in the third quarter worth approximately $30,000. Versant Capital Management Inc lifted its position in shares of Hyatt Hotels by 583.3% during the 4th quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock worth $32,000 after purchasing an additional 175 shares during the last quarter. Blue Trust Inc. increased its holdings in Hyatt Hotels by 190.2% in the third quarter. Blue Trust Inc. now owns 325 shares of the company’s stock valued at $49,000 after buying an additional 213 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Hyatt Hotels by 1,107.1% in the second quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock valued at $50,000 after buying an additional 310 shares in the last quarter. Finally, iA Global Asset Management Inc. purchased a new stake in Hyatt Hotels during the 3rd quarter worth about $51,000. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on H. Jefferies Financial Group raised their target price on Hyatt Hotels from $150.00 to $176.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Hyatt Hotels from $163.00 to $168.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Stifel Nicolaus lifted their price target on shares of Hyatt Hotels from $145.50 to $157.50 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Hyatt Hotels from $120.00 to $127.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Finally, Cfra set a $155.00 target price on Hyatt Hotels in a report on Thursday, October 17th. Fourteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $156.48.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $159.99, for a total value of $604,122.24. Following the sale, the insider now owns 5,798 shares of the company’s stock, valued at approximately $927,622.02. This represents a 39.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 23.50% of the stock is currently owned by company insiders.

Hyatt Hotels Price Performance

Shares of H opened at $156.18 on Friday. The firm has a market capitalization of $15.00 billion, a PE ratio of 11.77 and a beta of 1.48. The stock’s 50 day moving average is $156.88 and its two-hundred day moving average is $151.76. Hyatt Hotels Co. has a twelve month low of $125.44 and a twelve month high of $168.20. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.73.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the company posted $0.70 earnings per share. Research analysts anticipate that Hyatt Hotels Co. will post 3.82 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend was Friday, November 22nd. Hyatt Hotels’s dividend payout ratio is currently 4.52%.

About Hyatt Hotels

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.